Latest news with #Delo
Yahoo
26-07-2025
- Business
- Yahoo
ECB's Cipollone says euro zone inflation risks balanced, newspaper reports
FRANKFURT (Reuters) -Risks to the euro zone inflation outlook remain balanced as the changes since June broadly offset each other, European Central Bank board member Piero Cipollone said in a newspaper interview. The ECB left interest rates unchanged on Thursday and said the outlook for inflation is more uncertain than usual, even if the economy has appeared to remain resilient. Some policymakers argued the outlook for inflation has now worsened and risks were tilted to undershooting, but Cipollone said the broader Governing Council view did not change. "We now see an additional appreciation of the euro and a slight increase in energy costs," he told Slovenian newspaper Delo in an interview published on Saturday. "The overall assessment therefore stays the same." He added that trade tensions have increased but the global economy has so far been resilient. "Overall, it seems to me that the June assessment can be confirmed and that inflation expectations are balanced," Cipollone said. The ECB has halved its key rate to 2% since June 2024 but its moderately sanguine tone on Thursday was seen as a signal it was not in any hurry to cut again. Markets now see roughly a 50% chance of more rate cuts this year, with some economists saying the easing cycle may be over. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
26-07-2025
- Business
- Reuters
ECB's Cipollone says euro zone inflation risks balanced, newspaper reports
FRANKFURT, July 26 (Reuters) - Risks to the euro zone inflation outlook remain balanced as the changes since June broadly offset each other, European Central Bank board member Piero Cipollone said in a newspaper interview. The ECB left interest rates unchanged on Thursday and said the outlook for inflation is more uncertain than usual, even if the economy has appeared to remain resilient. Some policymakers argued the outlook for inflation has now worsened and risks were tilted to undershooting, but Cipollone said the broader Governing Council view did not change. "We now see an additional appreciation of the euro and a slight increase in energy costs," he told Slovenian newspaper Delo in an interview published on Saturday. "The overall assessment therefore stays the same." He added that trade tensions have increased but the global economy has so far been resilient. "Overall, it seems to me that the June assessment can be confirmed and that inflation expectations are balanced," Cipollone said. The ECB has halved its key rate to 2% since June 2024 but its moderately sanguine tone on Thursday was seen as a signal it was not in any hurry to cut again. Markets now see roughly a 50% chance of more rate cuts this year, with some economists saying the easing cycle may be over.
Bloomberg
26-07-2025
- Business
- Bloomberg
ECB's Cipollone Is Seeing ‘Conflicting Signals' in Economy
European Central Bank Executive Board member Piero Cipollone said the economy is sending 'conflicting signals' as officials wait for more clarity before taking a fresh view on whether interest rates need to be lowered any further. In an interview with Slovenian newspaper Delo, Cipollone said weak consumer confidence is a threat to consumption, 'while continued uncertainty and the unwinding of frontloading effects could weigh on business investment and exports.' At the same time, he highlighted a resilient labor market and plans for higher defense and infrastructure spending that should boost activity over time.
Yahoo
16-05-2025
- Yahoo
Police investigating missing Slovenian statue of Melania Trump
May 16 (UPI) -- A bronze statue of first lady Melania Trump was stolen from its perch in a city in her home country of Slovenia, five years after it replaced a wooden sculpture damaged by arson. Police confirmed Friday they are now investigating after the bronze statue went missing earlier in the week from the Slovenian village of Rozno. "[Police] conducted an inspection of the crime scene and collected information. The investigating judge and the district state prosecutor were informed about the theft," Slovenian National Police Force spokesperson Alenka Drenik Rangus said in a statement Friday. The Slovenian newspaper Delo reported the statue was "sawed off" at the bottom. Officials unveiled the bronze figure of the first lady in 2020 to replace a wooden statue that was damaged after being lit on fire on July 4 of that year. The statue site is near the first lady's hometown of Sevnica in central Slovenia. Artist Brad Downey constructed the bronze version, based on the original wooden statue crafted by conceptual artist Ales Zupevc, aka Maxi. The damaged wood statue was quickly removed to a museum in Slovenia. Bronze was chosen for the replacement to ensure it was fireproof.
UPI
16-05-2025
- Politics
- UPI
Police investigating missing Slovenian statue of Melania Trump
1 of 3 | A bronze statue of first lady Melania Trump was stolen in a city in her home country of Slovenia, five years after it replaced a wooden sculpture damaged by arson. File Photo by Igor Kupljenik/EPA-EFE May 16 (UPI) -- A bronze statue of first lady Melania Trump was stolen from its perch in a city in her home country of Slovenia, five years after it replaced a wooden sculpture damaged by arson. Police confirmed Friday they are now investigating after the bronze statue went missing earlier in the week from the Slovenian village of Rozno. "[Police] conducted an inspection of the crime scene and collected information. The investigating judge and the district state prosecutor were informed about the theft," Slovenian National Police Force spokesperson Alenka Drenik Rangus said in a statement Friday. The Slovenian newspaper Delo reported the statue was "sawed off" at the bottom. Officials unveiled the bronze figure of the first lady in 2020 to replace a wooden statue that was damaged after being lit on fire on July 4 of that year. The statue site is near the first lady's hometown of Sevnica in central Slovenia. Artist Brad Downey constructed the bronze version, based on the original wooden statue crafted by conceptual artist Ales Zupevc, aka Maxi. The damaged wood statue was quickly removed to a museum in Slovenia. Bronze was chosen for the replacement to ensure it was fireproof.
